A-1 Acid Ltd acquires 45% stake in A-1 Sureja lndustries

A-1 Acid Ltd has acquired 45% stake (within the investment limit approved by shareholders in the 17th AGM) of M/s. A-1 Sureja Industries, Partnership firm whose main object is to manufacture electric vehicles. Moreover, the government gives many incentives to e-vehicle industries. Therefore, there is higher opportunity for the expansion of business in e-vehicle industries.

Shares of A-1 Acid Limited was last trading in BSE at Rs. 190 as compared to the previous close of Rs. 178. The total number of shares traded during the day was 18400 in over 8 trades.

The stock hit an intraday high of Rs. 190 and intraday low of 177. The net turnover during the day was Rs. 3362600.

Source : Equity Bulls

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